By Toby Walne for The Mail on Sunday. Everyone has a book in them and thanks to the internet, yours could be an ebook that ends up making you a millionaire bestselling author. The internet has the advantage that you do not need a book deal to write that great first novel. Nor do you have to pay for vanity publishing — where you stump up the cash for someone else to publish your book. And if you hit the mark with readers — as EL James did with the erotic thriller Fifty Shades Of Grey — then your ebook can snowball into a multi-million pound bestselling franchise.

Fifty shades, forty winks: Andy Leeks, with wife Emma and daughters Charlotte and Sophie, wrote the ebook As They Slept. The book is now being turned into a Hollywood film directed by English filmmaker Sam Taylor-Wood and will be released in February next year. Andy, married to Emma, 36, with whom he has two daughters Charlotte, four, and nine-month-old Sophie, has found writing can be fun as well as lucrative as the author of As They Slept: The Comical Tales Of A London Commuter, which he wrote last year.

How To Make Money By Writing An eBook! | Online Income Teacher

It seemed an incredible waste of good time so there and then I decided to start writing about commuter experiences. Outside these price ranges, royalties are paid at 35 per cent. The ebook also has a delivery fee depending on file size for 70 per cent royalty deals that is typically 5p a download.

A printed book might provide you with royalties of only 10 per cent of the purchase price if you are one of the few to find a publisher. Uploading the book is simple. Writers just have to provide a cover design and put the book in a downloadable format, such as in Word or PDF form. It can then be read on a Kindle, tablets such as an iPad, and on most smartphones if you download the Kindle app. Although Amazon is the biggest online publisher others work much the same way.

Kobo books can also be read on a variety of devices. Word of mouth and people using social media such as Facebook and Twitter also helped spread the word.

How I Made $2, by Self-Publishing an Ebook on Amazon

Last year ebook sales rose 20 per cent on and now account for one in every four book sales. Damien Fahy, who runs money saving website MoneytotheMasses and is author of ebook 30 Day Money Plan, says: It might also be worth offering a free copy of the book before launch for an honest review on Amazon — positive reviews will help to sell the book. Also consider paying someone to professionally edit your copy. He also suggests setting up a Facebook page as a forum for sharing thoughts on the novel.

John Lewis, data editor for book industry magazine The Bookseller, points out that although ebook sales have rocketed in recent years the market is still in its infancy, yet it offers a great opening for self-publishing. But in some instances books are selling for as little as 20p or even being given away and people downloading them are not bothering to read them. It is not the same with paper novels which offer a clearer guide to what books are being read.

Writing a book — hardback or ebook — requires a lot of commitment. Here are some tips to improve your chances of success. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Queen's Speech is silent on plans for stingier state pension rises - but it's still packed with plans that could affect your finances The middle class borrowers sitting on a debt timebomb: Surge pricing adds hundreds to the cost of your trip Meet the year-old leading Jaguar Land Rover's driverless vehicle charge who has topped the list of Great British Women in the Car Industry DAN HYDE: Britain has been ambushed by a debt crisis, we need to get back in the black From a lab scientist to the UK's best-rated chief executive: Boss of Anglian Water is crowned best CEO by staff - does your leader make the top 50 list?

Discover the write stuff to be an ebook millionaire By Toby Walne for The Mail on Sunday Published: Could you be a part time entrepreneur? How to make money with a pop-up, website or green fingers Entrepreneur who started selling clothes to pay off mortgage now sells 2, glam dresses every day Entrepreneur Assad Khan insists bubble tea craze won't burst as he eyes US Compare the best business loan rates.

Tips to make it fly off the e-shelves Writing a book — hardback or ebook — requires a lot of commitment. Book writing requires discipline and time should be set aside almost daily. It will be hard work and you should expect to churn out failures and do many re-writes. Do not publish until the book is in a shape of which you are proud. Think about genres — chick-lit and sci-fi are popular.

Judge the book by its cover — others will. Take time over it and consider paying for expert advice and getting help from computer-savvy friends to get an image and title to capture the eye and imagination.

This is a short, sharp sales pitch to grab attention that is key to promotion. The book should also be professionally edited. It does not matter how great that novel is — no one will buy it unless they are aware it exists. Word of mouth, online forums, launch parties, local media and book shop promotions are the way forward.

This should be supported with your own social networking website. Do not be shy. Make sales not money. Keeping the price low boosts sales.

For a first time self-publisher 75p is at least going to help you shift books off the e-shelf. You must find readers first before making money. Most watched Money videos How to get out of your credit card debt New McLaren Applied Technologies road car simulator Instant karma!: Thief stopped by lorry driver's quick thinking Jaguar Land Rover teases the opening of its classic car tour The new Nissan Qashqai will be in the showrooms from next month Investing Show: Are stockmarkets too expensive?

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A Newbie's Guide to Publishing: How To Make Money on Ebooks

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